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ECB offers new monetary policy support to help weakening economy

ECB offers new monetary policy support to help weakening economy

The European Central Bank said on Thursday that its low interest rates would not rise till at least until late 2019. The ECB also said a new long-term refinancing program for eurozone banks was coming. The bank had previously guided for a rate hike at some point after summer 2019. The bank downgraded its 2019 forecast for eurozone-area GDP to 1.1 per cent from 1.7 per cent.

Timothy
Timothy
Hannibal
Hannibal 1 year

Yeah Europe has kind of been flying under the radar in the United States because our economy has been so strong the last 4-5 years. Germany has the strongest economy in the EU and they have barely avoided a recession this year. Ditto France and Italy. Spain is barely holding and most of that is due to tourism.

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